Commercial Sale · Retail
507 E DR MARTIN LUTHER KING JR BOULEVARD, TAMPA, FL, 33603
Active108 days on marketListed Jun 26, 2026MLS #TB8523636
About this property
The property at a glance
Prime Tampa Investment Opportunity — Dual-Building Medical & Retail Portfolio 507 E Dr. Martin Luther King Jr. Blvd. | Tampa, FL 33603 Asking Price: $1,300,000 | Cap Rate: 7.1 | Total SF: 3,810 SF | Two Buildings | Both Fully Leased Rarely does a stabilized, income-producing asset become available in a location this commanding. Positioned at the high-visibility intersection of I-275 and Dr. Martin Luther King Jr. Boulevard — one of Tampa's most heavily trafficked corridors — this dual-building portfolio offers investors an immediate, turn-key opportunity. This offering includes two freestanding buildings situated on a shared, generously sized parking lot. Building 1 — Medical Clinic | ±2,100 SF Completely remodeled within the past year, this medical-grade facility features a new roof and fully updated interior, offering a modern, upscale environment. Currently leased to a professional medical tenant, this building represents a low-maintenance, high-quality asset for any investment portfolio. Building 2 — Retail | ±1,710 SF An established retail presence with a professional tenant in place, benefiting from exceptional street visibility and the high foot and vehicle traffic this location commands. Location is everything — and this property delivers. Situated at the nexus of I-275 and MLK Blvd., the site enjoys outstanding regional accessibility and exposure to thousands of daily commuters. The presence of a McDonald's immediately adjacent confirms the strength of this trade area and the built-in consumer demand that surrounds it. This is Central Tampa at its most accessible. Immediate cash flow — no lease-up risk
4,350
Building sq ft
$287
Price / sq ft
0.36
Lot acres
1964
Year built
2
Buildings
CG
Zoning
Retail
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$7,230/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Frederick to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
7,452
Population
$48,803
Median income
34
Median age
3
Avg household
$428,395
Median home value
$1,235/mo
Median rent
812
Households w/ kids
Consumer profile
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
Thirst isn't the only reason this population looks for a good brew. From beer drinkers on a budget to the millennial craft beer enthusiast, these men and women are passionate about different kinds of beer and how it's made.
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Improving flexibility, strength, and overall well-being is the yogi's aim. This population is looking for the right community, instruction, and accessories.
Characterized by their appreciation for all things whiskey, this population enjoys the classy atmosphere of whiskey drinking and learning about different brands.
These folks are conscious about what they eat. They're looking for ingredients that not only taste great, but also have great nutritional benefits.
Recent sales
What actually sold near 507 E DR MARTIN LUTHER KING JR BOULEVARD
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$900,000
6516 N 40TH STREET
3,816 sqft · $236/sqft · Sold Jan 15, 2025
$2,100,000
3226 W KENNEDY BOULEVARD
4,000 sqft · $525/sqft · Sold Aug 20, 2026
$137,270
1901 E 2ND AVENUE
4,170 sqft · $33/sqft · Sold Aug 18, 2025
Your team
The pros in your corner
Your agent
Frederick Paige
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 507 E DR MARTIN LUTHER KING JR BOULEVARD — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 507 E DR MARTIN LUTHER KING JR BOULEVARD.
See it in person
Schedule a tour
Live availability from Frederick's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of COASTAL BROKERAGE & INVESTMENT · James O'Brien. MLS #TB8523636.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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